Permanent Magnet Synchronous Motor Market
Permanent Magnet Synchronous Motor - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Permanent Magnet Synchronous Motor Market is accounted for $21.61 billion in 2019 and is expected to reach $57.05 billion by 2027 growing at a CAGR of 12.9% during the forecast period. High efficiency of permanent magnet synchronous motor, use of low cost permanent magnets and increasing awareness of green vehicles are the major factors driving the market growth. However, high price and scarcity of rare earth magnets are restraining the market growth. Moreover, expansion in oil and gas industries and increasing dependence on rare earth magnets would provide ample opportunities for the market growth.
Permanent magnet synchronous motors (PMSMs) are AC synchronous motors that receive field excitation by permanent magnets. These motors have sinusoidal back-EMF and are similar to brushless DC (BLDC) motors. PMSMs provide durability as well as electric stability and ensure reliable performance.
Based on voltage range, the 10V-20Vsegment is likely to have a huge demand as PMSM of this range provides high efficiency, requires low-operating temperature, and reduces the weight of motors. Thus, their suitability across the varied applications would continue to supplement their market growth. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to rise in industrial activities, standardizations on the usage of energy-efficient motors, and advantages of PMSM over other electric motors.
Some of the key players profiled in the Permanent Magnet Synchronous Motor Market include Alstom, Baldor Electric Company Inc (ABB Group), DRS Technologies Inc, Emerson Electric Corp, General Electric Company, Hansen Corporation, Hitachi Ltd, Johnson Electric, Mitsubishi Electric Corporation, Nidec Corporation, Rockwell Automation Inc, Rolls Royce plc, Siemens AG, Toshiba Corporation and Zhejiang Zhongyuan Electric Co Ltd.
Mounting Types Covered:
• Vertical
• Horizontal
Types Covered:
• Interior Permanent Magnet Synchronous Motor
• Surface Permanent Magnet Synchronous Motor
Power Ratings Covered:
• 0-20KW
• 20-200KW
• 200KW - 375 kW
• 375 – 450 kW
• 450 – 600 kW
• 600 kW
Voltage Ranges Covered:
• Above 60V
• 41V-60V
• 31V-40V
• 21V-30V
• 10V-20V
• 9V and below
Controls Covered:
• Sinusoidal
• Trapezoidal
Applications Covered:
• Automotive & Transportation
• Compressor Industries
• Consumer Electronics
• Elevator
• Industrial & Manufacturing
• Automation
• Lab Equipment
• Machinery
• Marine
• Medical & Healthcare
• Metals & Mining
• Military/Aerospace
• Oil & Gas
• Paper & Pulp
• Power
• Pumps & Ventilation Systems
• Residential & Commercial
Sales Channels Covered:
• Distribution Channel
• Direct Channel
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Permanent Magnet Synchronous Motor Market, By Mounting Type
5.1 Introduction
5.2 Vertical
5.3 Horizontal
6 Global Permanent Magnet Synchronous Motor Market, By Type
6.1 Introduction
6.2 Interior Permanent Magnet Synchronous Motor
6.3 Surface Permanent Magnet Synchronous Motor
7 Global Permanent Magnet Synchronous Motor Market, By Power Rating
7.1 Introduction
7.2 0-20KW
7.3 20-200KW
7.4 200KW - 375 kW
7.5 375 – 450 kW
7.6 450 – 600 kW
7.7 600 kW
8 Global Permanent Magnet Synchronous Motor Market, By Voltage Range
8.1 Introduction
8.2 Above 60V
8.3 41V-60V
8.4 31V-40V
8.5 21V-30V
8.6 10V-20V
8.7 9V and below
9 Global Permanent Magnet Synchronous Motor Market, By Control
9.1 Introduction
9.2 Sinusoidal
9.2.1 Vector
9.2.2 Scaler
9.3 Trapezoidal
9.3.1 Closed Loop
9.3.2 Open Loop
10 Global Permanent Magnet Synchronous Motor Market, By Application
10.1 Introduction
10.2 Automotive & Transportation
10.3 Compressor Industries
10.4 Consumer Electronics
10.5 Elevator
10.6 Industrial & Manufacturing
10.7 Automation
10.8 Lab Equipment
10.9 Machinery
10.10 Marine
10.11 Medical & Healthcare
10.12 Metals & Mining
10.13 Military/Aerospace
10.14 Oil & Gas
10.15 Paper & Pulp
10.16 Power
10.17 Pumps & Ventilation Systems
10.18 Residential & Commercial
11 Global Permanent Magnet Synchronous Motor Market, By Sales Channel
11.1 Introduction
11.2 Distribution Channel
11.3 Direct Channel
12 Global Permanent Magnet Synchronous Motor Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Alstom
14.2 Baldor Electric Company Inc (ABB Group)
14.3 DRS Technologies Inc
14.4 Emerson Electric Corp
14.5 General Electric Company
14.6 Hansen Corporation
14.7 Hitachi Ltd
14.8 Johnson Electric
14.9 Mitsubishi Electric Corporation
14.10 Nidec Corporation
14.11 Rockwell Automation Inc
14.12 Rolls Royce plc
14.13 Siemens AG
14.14 Toshiba Corporation
14.15 Zhejiang Zhongyuan Electric Co Ltd
List of Tables
1 Global Permanent Magnet Synchronous Motor Market Outlook, By Region (2018-2027) ($MN)
2 Global Permanent Magnet Synchronous Motor Market Outlook, By Mounting Type (2018-2027) ($MN)
3 Global Permanent Magnet Synchronous Motor Market Outlook, By Vertical (2018-2027) ($MN)
4 Global Permanent Magnet Synchronous Motor Market Outlook, By Horizontal (2018-2027) ($MN)
5 Global Permanent Magnet Synchronous Motor Market Outlook, By Type (2018-2027) ($MN)
6 Global Permanent Magnet Synchronous Motor Market Outlook, By Interior Permanent Magnet Synchronous Motor (2018-2027) ($MN)
7 Global Permanent Magnet Synchronous Motor Market Outlook, By Surface Permanent Magnet Synchronous Motor (2018-2027) ($MN)
8 Global Permanent Magnet Synchronous Motor Market Outlook, By Power Rating (2018-2027) ($MN)
9 Global Permanent Magnet Synchronous Motor Market Outlook, By 0-20KW (2018-2027) ($MN)
10 Global Permanent Magnet Synchronous Motor Market Outlook, By 20-200KW (2018-2027) ($MN)
11 Global Permanent Magnet Synchronous Motor Market Outlook, By 200KW - 375 Kw (2018-2027) ($MN)
12 Global Permanent Magnet Synchronous Motor Market Outlook, By 375 – 450 kW (2018-2027) ($MN)
13 Global Permanent Magnet Synchronous Motor Market Outlook, By 450 – 600 kW (2018-2027) ($MN)
14 Global Permanent Magnet Synchronous Motor Market Outlook, By 600 kW (2018-2027) ($MN)
15 Global Permanent Magnet Synchronous Motor Market Outlook, By Voltage Range (2018-2027) ($MN)
16 Global Permanent Magnet Synchronous Motor Market Outlook, By Above 60V (2018-2027) ($MN)
17 Global Permanent Magnet Synchronous Motor Market Outlook, By 41V-60V (2018-2027) ($MN)
18 Global Permanent Magnet Synchronous Motor Market Outlook, By 31V-40V (2018-2027) ($MN)
19 Global Permanent Magnet Synchronous Motor Market Outlook, By 21V-30V (2018-2027) ($MN)
20 Global Permanent Magnet Synchronous Motor Market Outlook, By 10V-20V (2018-2027) ($MN)
21 Global Permanent Magnet Synchronous Motor Market Outlook, By 9V and below (2018-2027) ($MN)
22 Global Permanent Magnet Synchronous Motor Market Outlook, By Control (2018-2027) ($MN)
23 Global Permanent Magnet Synchronous Motor Market Outlook, By Sinusoidal (2018-2027) ($MN)
24 Global Permanent Magnet Synchronous Motor Market Outlook, By Vector (2018-2027) ($MN)
25 Global Permanent Magnet Synchronous Motor Market Outlook, By Scaler (2018-2027) ($MN)
26 Global Permanent Magnet Synchronous Motor Market Outlook, By Trapezoidal (2018-2027) ($MN)
27 Global Permanent Magnet Synchronous Motor Market Outlook, By Closed Loop (2018-2027) ($MN)
28 Global Permanent Magnet Synchronous Motor Market Outlook, By Open Loop (2018-2027) ($MN)
29 Global Permanent Magnet Synchronous Motor Market Outlook, By Application (2018-2027) ($MN)
30 Global Permanent Magnet Synchronous Motor Market Outlook, By Automotive & Transportation (2018-2027) ($MN)
31 Global Permanent Magnet Synchronous Motor Market Outlook, By Compressor Industries (2018-2027) ($MN)
32 Global Permanent Magnet Synchronous Motor Market Outlook, By Consumer Electronics (2018-2027) ($MN)
33 Global Permanent Magnet Synchronous Motor Market Outlook, By Elevator (2018-2027) ($MN)
34 Global Permanent Magnet Synchronous Motor Market Outlook, By Industrial & Manufacturing (2018-2027) ($MN)
35 Global Permanent Magnet Synchronous Motor Market Outlook, By Automation (2018-2027) ($MN)
36 Global Permanent Magnet Synchronous Motor Market Outlook, By Lab Equipment (2018-2027) ($MN)
37 Global Permanent Magnet Synchronous Motor Market Outlook, By Machinery (2018-2027) ($MN)
38 Global Permanent Magnet Synchronous Motor Market Outlook, By Marine (2018-2027) ($MN)
39 Global Permanent Magnet Synchronous Motor Market Outlook, By Medical & Healthcare (2018-2027) ($MN)
40 Global Permanent Magnet Synchronous Motor Market Outlook, By Metals & Mining (2018-2027) ($MN)
41 Global Permanent Magnet Synchronous Motor Market Outlook, By Military/Aerospace (2018-2027) ($MN)
42 Global Permanent Magnet Synchronous Motor Market Outlook, By Oil & Gas (2018-2027) ($MN)
43 Global Permanent Magnet Synchronous Motor Market Outlook, By Paper & Pulp (2018-2027) ($MN)
44 Global Permanent Magnet Synchronous Motor Market Outlook, By Power (2018-2027) ($MN)
45 Global Permanent Magnet Synchronous Motor Market Outlook, By Pumps & Ventilation Systems (2018-2027) ($MN)
46 Global Permanent Magnet Synchronous Motor Market Outlook, By Residential & Commercial (2018-2027) ($MN)
47 Global Permanent Magnet Synchronous Motor Market Outlook, By Sales Channel (2018-2027) ($MN)
48 Global Permanent Magnet Synchronous Motor Market Outlook, By Distribution Channel (2018-2027) ($MN)
49 Global Permanent Magnet Synchronous Motor Market Outlook, By Direct Channel (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
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